Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

All You Need to Know About TOMO to TRX Exchange

by April 12, 2024
April 12, 2024
All You Need to Know About TOMO to TRX Exchange

Ever since Ethereum exposed the mainstream public’s interest in smart contracts, hundreds of competing projects have emerged in the industry. Tron and Tomochain quickly came out as scalable alternatives to the #1 smart contract platform.

These blockchains attempted to offer different consensus models that would provide a more sustainable network in the long term. The idea was to bring smart contracts to the masses, with cheaper transactions and a more democratic economic model.

Today, we try to assess whether you should carry out a TOMO to TRX exchange. To achieve this, we take a look at some fundamentals for these tokens, their tokenomics, and price predictions.

Understanding TOMO

Tomochain came out in 2018, as blockspace demand for Ethereum was reaching a breaking point. After the Cryptokitties debacle and utter saturation of the Ethereum network, Tomochain launched as a scalable, zero-gas layer-1 blockchain.

The main idea was to provide a democratic platform for launching web3 applications such as DEXes, NFT marketplaces, or games. To achieve this, Tomochain uses a network of 150 master nodes that use proof of stake consensus.

To eliminate the need for gas fees, the chain introduced the TRC-25 token standard. This standard allows users to pay for gas with any token on the chain instead of having to hold TOMO tokens.

Worth noting is that the Tomochain team recently rebranded the project to Viction. Consequently, exchanges and crypto aggregators now list TOMO with the VIC ticker. There was no change in tokenomics, meaning 1 TOMO = 1 VIC.

TOMO Tokenomics

The TOMO (now VIC) token has a maximum supply of 100 million. Most of these tokens are already circulating on the market, over 96 million to be more precise.

TOMO underwent an ICO in 2018, where it managed to raise $1 million at $0.25 per token.

TOMO Price Prediction

The TOMO (VIC) token is trading around the $1 mark, offering a 4x increase since its ICO. The token has been gaining decent momentum in the last year, increasing from a bottom of $0.33 in 2023.

Priceprediction.net provides a forecast of $2.03 for 2024, offering 100% growth in the next year. In the long term, this prospected growth rises above 4x, with a target price of $4.28 for 2026.

Understanding TRX

Justin Sun ideated the Tron Network as a direct competitor to Ethereum. After a successful ICO as an ERC20 token on Ethereum, the team migrated TRX to its custom blockchain.

This network provided a much more scalable consensus based on delegated proof of stake using super representatives. Token holders can stake their tokens with these representatives who then verify the transactions on the network.

This allowed Tron to provide very low fees and fast transactions, attracting hundreds of decentralized apps into its ecosystem.

TRX Tokenomics

TRX doesn’t have a capped maximum supply, as validators release new tokens with each new block. Currently, there are over 88 billion TRX out in circulation.

The network generates a block every three seconds, with 16 TRX as rewards for nodes participating in the consensus.

TRX Price Forecast

Tron has performed quite admirably over the last year, especially compared to the rest of the industry. Coming from a yearly low of $0.05 in January 2023, the TRX crypto has been in near-constant growth.

With a current price of $0.1, the TRX cryptocurrency has managed a 2x increase in 2023, similar to TOMO.

Consequently, we expect bullish predictions from Priceprediction.net. The website provides a target of $0.19 for 2024. In the longer term, the price prediction reaches as high as $0.38 for 2026.

Is It Time to Swap TOMO for TRX?

If we follow price predictions, the TOMO and TRX tokens have very similar upside opportunities. However, if we consider their fundamentals and adoption, Tron clearly comes out as the winner. Although their technology is similar, Tron’s marketing team successfully pushes the network among the most used smart contract platforms globally.

Read more:
All You Need to Know About TOMO to TRX Exchange

0
FacebookTwitterGoogle +Pinterest
previous post
House Republicans turn up heat on Biden to broker ‘expedient release’ of Hamas hostages, support Israel
next post
AI Skills Gap putting Public Sector projects in jeopardy, according to new research

You may also like

Private equity firm in talks to buy collapsed...

February 2, 2023

Typhur Sync Quad Smart Wireless Meat Thermometer Review

June 13, 2024

Equal pay lawsuits threaten to cost retailers millions...

October 26, 2024

Toyota to leave UK if government bans hybrid...

August 2, 2022

Fitness tech start-up secures new £5 million to...

November 27, 2023

We should be in a stand-off with China,...

May 7, 2024

Shell weighs up £25bn UK spending pledge after...

November 22, 2022

UK power prices hit record high amid cold...

December 12, 2022

Surge in Job-Seekers Marks Largest Increase Since 2020...

June 10, 2024

Vasectomy: a personal decision, but many pros and...

September 11, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Elon Musk may speak to Trump aides in push to calm feud

      June 6, 2025
    • Everyone Talks About Leaving a Better Planet for Our Children: Why Don’t We Leave Better Children for Our Planet?

      June 6, 2025
    • MARK HALPERIN: Democrats try to construct a Frankenstein candidate while JD Vance gains momentum for 2028

      June 6, 2025
    • ‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

      June 6, 2025
    • Democrats begin to embrace Musk amid Trump spat after party railed against him as a ‘dictator’

      June 6, 2025
    • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,544)
    • Stocks (3,130)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved